New IP Gold Target to Be Drilled at Perseverance Prospect
Verity Resources Limited (ASX: VRL) has announced the discovery of a new, near-surface Induced Polarisation (IP) anomaly at the Perseverance prospect within its 100%-owned Monument Gold Project in Laverton, Western Australia. The IP survey revealed a pronounced chargeability high coinciding with outcropping banded iron formation (BIF) that hosts the 154koz Korong-Waihi Inferred Resource.
Rock chip sampling over this zone returned several results exceeding 1g/t gold, confirming its strong exploration potential. Conducted by Fender Geophysics and reviewed by West Coast Geophysics, the survey identified a 500m x 1,200m chargeability zone aligned with a magnetic depletion area, interpreted as sulphide replacement of magnetite—a mineralisation style similar to that seen at the Korong deposit. With RC drilling scheduled for late November, this untested anomaly represents a significant opportunity for resource expansion along the 20km BIF trend at Monument.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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New IP Gold Target to Be Drilled at Perseverance Prospect
Verity Resources Limited (ASX: VRL) has announced the discovery of a new, near-surface Induced Polarisation (IP) anomaly at the Perseverance prospect within its 100%-owned Monument Gold Project in Laverton, Western Australia. The IP survey revealed a pronounced chargeability high coinciding with outcropping banded iron formation (BIF) that hosts the 154koz Korong-Waihi Inferred Resource.
Rock chip sampling over this zone returned several results exceeding 1g/t gold, confirming its strong exploration potential. Conducted by Fender Geophysics and reviewed by West Coast Geophysics, the survey identified a 500m x 1,200m chargeability zone aligned with a magnetic depletion area, interpreted as sulphide replacement of magnetite—a mineralisation style similar to that seen at the Korong deposit. With RC drilling scheduled for late November, this untested anomaly represents a significant opportunity for resource expansion along the 20km BIF trend at Monument.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au